Share Market Weekly Review & Nifty 50 Prediction for June 8–12

The Indian stock market extended its losing streak for a second consecutive week as escalating geopolitical tension and a global tech correction kept domestic investors cautious.

Before the opening bell rings on Monday, let’s unpack the critical triggers, institutional flows and technical levels shaping the Indian stock market prediction for the coming week in this comprehensive Weekly Market Review.

Market Summary: Sensex & Nifty 50 Performance

Indian equity benchmarks continued its downward trajectory last week, falling by nearly 0.77% as broader sentiment turned bearish and risk-off at home and overseas.

The India VIX (Volatility Index) slipped 2.5%, though it saw intermittent spikes during the week as fast-evolving geopolitical headlines swayed trades on D-Street.

Share Market Live News: The Big Macro Triggers This Week

Global market sentiment remained fractured last week, driven by artificial intelligence spending uncertainty and major geopolitical volatility.

1. Tech Correction & Broadcom Earnings

Wall Street’s nine-week winning streak ended abruptly on Friday, as red-hot technology stocks posted their steepest daily fall since April 2025. A strong May jobs report revived concerns that the U.S. Federal Reserve could turn more hawkish.

 The sell-off was concentrated in semiconductor and AI-linked stocks, with Broadcom’s earnings acting as the key trigger. Although Broadcom beat street estimates on sales and earnings, it left its 2027 AI revenue guidance unchanged.

Given the rapid growth of agentic AI, markets were expecting a stronger upgrade. The muted guidance raised concerns around the AI spending cycle.

2. Latest Updates on US-Iran War

Iran reaffirmed support for Hezbollah and called for Israel to withdraw troops from southern Lebanon, complicating efforts toward a near-term peace deal and the resumption of oil tanker traffic through the Strait of Hormuz.

While the U.S. administration has negotiated three truces—significantly reducing active combat—both sides continue to trade localized airstrikes.

3. RBI MPC Policy Updates

At home, the RBI’s Monetary Policy Committee unanimously kept repo rates unchanged. However, it raised its FY27 inflation forecast and trimmed its FY27 GDP growth projection, signalling a more cautious macro outlook.

The central bank highlighted global oil shocks, forecasts of a strong El Niño climate effect and supply chain disruptions as primary threats to 2026–27 economic growth.

4. US Tariffs on Indian Exports

U.S. trade representatives proposed new tariffs on imports from 60 trading partners, citing concerns over weak enforcement against forced labour in global supply chains.

The proposal follows legal setbacks to earlier tariff measures and includes India, the UK and the EU, though at different proposed tariff rates.

5. Indian Rupee & Domestic Macro Data

The Indian rupee (INR) extended its gains for the third consecutive week, ending at 94.94/$, compared with 95/$ in the previous week.

On the macro data front, services growth at home hit a six-month high in May, supported by stronger domestic demand, even as business confidence softened for a second straight month.

Top Nifty Gainers & Losers Last Week

Stock Analysis: Why They Moved

• TITAN: Emerged as the week’s biggest winner after several top brokerage firms upgraded their target prices, giving a thumbs-up to the luxury consumer company’s bold growth plans.
• ADANIENT: Continued its upward trajectory on news of massive new infrastructure projects breaking ground in West Bengal, alongside general optimism following recent U.S. legal clearances.
• NTPC: Was hit hard by nervousness around public sector undertaking (PSU) stocks, coupled with Adani Power’s aggressive capacity expansion plans directly competing with the power sector giant.
• ULTRACEMCO: Fell as analyst coverage on the cement sector turned structurally cautious, citing escalating fuel and raw input costs.

Sector Performance: Gainers Vs Losers

Institutional Activity: FIIs vs. DIIs

The tug-of-war between institutional investors continued. Foreign Institutional Investors (FIIs) remained net sellers, while Domestic Institutional Investors (DIIs) acted as the market's safety net.

Market Outlook & Nifty Prediction for 8 – 12 June

Geopolitical events, fresh U.S. tariffs and widespread profit-booking at home were all responsible for last week’s anxiety on D-Street—and these risk factors show no signs of slowing down just yet.

Nifty 50 Trading Range: We maintain our short-term view that Nifty is likely to remain rangebound, with bouts of volatility.

For next week, we expect the index to trade within a broad band of 22,950 on the lower side and 23,800 on the upper side.

Critical Market Triggers to Watch

Gap-Down Opening

The sharp, tech-led sell-off seen in U.S. markets on Friday is highly likely to lead to a gap-down start for the Indian stock market opening on Monday morning.

Crude Oil Impact

Any formal signing of a Middle East ceasefire could significantly ease global supply chain bottlenecks and put downward pressure on Brent crude oil prices.

For an import-dependent economy like India, a drop in crude prices offers immediate relief—stabilizing the Rupee, checking domestic inflation and boosting overall investor risk appetite across Indian equities.

On the other hand, if negotiations face an unexpected setback, markets may quickly return to a cautious, wait-and-watch mode.

In such a scenario, equity indices are likely to remain highly sensitive to global headlines and geopolitical developments.

Trading Strategy Tip

Avoid aggressive index-level derivative bets. Focus instead on stock-specific alpha opportunities within the Q4 FY26 earnings season.

Stocks to Watch & Investment Opportunities

This week, we are tracking tactical opportunities across Consumer Durables and PSU Banks based on technical setups.

You could add these stocks to your watchlist:

• Canara Bank (CANBK)
• Equitas Small Finance Bank (EQUITASBNK)
• NBCC (India) Ltd (NBCC)
• Amber Enterprises (AMBER)
• Fortis Healthcare (FORTIS)
• Shilpa Medicare (SHILPAMED)

💡 Pro-Tip: Want a real-time technical analysis for these stocks? Ask LiMo, our AI co-pilot, for an instant buy/sell rating.

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Disclaimer: This article is solely for educational purposes. The securities / investments quoted here are not recommendatory.

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